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20121222
20121222
STATION
SFGTV 1
LANGUAGE
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antonini. >> thank you, i had a couple of questions on the memo. and i am led to believe when i first saw this, i thought it was the entire program. but this is only a memo dealing with the resale of existing ownership units and then dealing with the other entities here. for example, as i recall unless it's changed, your for-sale ownership units are 100 ami and it can be up to 120 in some instances, but i believe it's always been at 100 ami has been the price for-sale units. and then the rental units at 60 ami? >> that is correct, but there has been adjustment. there are two ami tables that we use in san francisco. there is a tri-county, or three county ami table. at one point the board of supervisors directed us to use a san francisco-specific table and given the relative wealth of our adjacent counties to the south and north, san francisco's ami is about 10% lower than the tri-county ami. so san francisco -- 100% ami is equivalent to 90% in san francisco and that is called out here. similarly on the rental side, it coordinates to 55%. >> i understand what you are doing, but i don't
Search Results 0 to 0 of about 1